Good morning everyone, My query is if A is a partner in a firm XYZ since 2010 and has started a proprietary firm PQR in 2015-16. Firm XYZ comes under tax audit coverage. Firm PQR had incurred loss during the PY 2015-16 and is not a tax audit case. My queries are 1. What is the due date for filling the return of all the above persons (Firm XYZ, Firm PQR and A)
2. Is firm PQR is eligible for carry forwarding the loss during the PY 2015-16, if return is filled on 30-09-2016?
Please give me your opinions
Thanks in advance